How To Fix FINS_REV_REC114 - Acc. principle &4 is not unique for company &1, ledger &2, recogn. key &3

FINS_REV_REC114 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 114

• Message text: Acc. principle &4 is not unique for company &1, ledger &2, recogn. key &3

What causes this issue?

There is more then on accounting principle which is assigned to the
quoted company code, ledger and recognition key.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Contact your system administrator.

Procedure for System Administrators

You need to check the assignment of account principles to the quoted
ledger and company code.

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC114 - Details

• The SAP error message FINS_REV_REC114 indicates that there is a problem with the recognition of revenue in the context of revenue recognition principles. Specifically, the error states that the accounting principle specified is not unique for the given company code, ledger, and recognition key. This typically occurs in the context of revenue recognition processes, such as those used in SAP S/4HANA or SAP ERP systems.
  
  Cause:
  
  
  Non-Unique Accounting Principles: The error arises when there are multiple accounting principles defined for the same combination of company code, ledger, and recognition key. This can happen if:
  
  Multiple accounting principles have been set up for the same company code and ledger.
  There are configuration issues in the revenue recognition settings.
  
  
  
  
  Configuration Issues: The configuration for revenue recognition might not be set up correctly, leading to ambiguity in determining which accounting principle to apply.
  
  
  Data Entry Errors: Incorrect or duplicate entries in the configuration tables for accounting principles can also